Key facts
- Halma achieved record annual revenue exceeding £2.5 billion and profit surpassing £500 million.
- The company increased its annual dividend by seven percent to 24.74p per share.
- This marks Halma's 47th consecutive year of dividend growth.
- Investment in research, development, and manufacturing capacity increased.
- Halma's photonics business, supplying data centre infrastructure, is a key growth driver.
- The company anticipates low double-digit revenue growth in the next fiscal year.
Halma, a 130-year-old UK-based company specializing in safety, healthcare, and environmental technology, has reported record financial results for the year, driven in part by the burgeoning AI infrastructure sector. The company announced revenue surpassing £2.5 billion and profit exceeding £500 million for the first time in its history.
This performance extends Halma's consistent growth streak, solidifying its position as a reliable performer in the London market. The company also raised its annual dividend by seven percent to 24.74p per share, marking its 47th consecutive year of dividend increases. Chief executive Marc Ronchetti attributed the success to the strength of Halma's diversified portfolio amidst ongoing economic and geopolitical uncertainties.
Investors are increasingly focusing on Halma's photonics division, which supplies critical optical technologies for semiconductors, communications, and notably, data centre infrastructure that supports AI development. The company anticipates low double-digit underlying revenue growth for the upcoming year, with a significant contribution expected from its photonics business. Analysts at UBS highlighted the division's outlook as a key area of interest, given the accelerating spending on AI infrastructure by hyperscale cloud providers.